TWFG, Inc. $TWFG Shares Acquired by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. increased its stake in shares of TWFG, Inc. (NASDAQ:TWFG) by 153.7% in the 2nd quarter, Holdings Channel reports. The firm owned 39,089 shares of the company’s stock after purchasing an additional 23,682 shares during the period. Symphony Financial Ltd. Co.’s holdings in TWFG were worth $942,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fifth Third Bancorp boosted its holdings in TWFG by 102.7% in the 4th quarter. Fifth Third Bancorp now owns 896 shares of the company’s stock worth $26,000 after buying an additional 454 shares during the last quarter. Quadrant Capital Group LLC purchased a new stake in TWFG during the 4th quarter worth approximately $68,000. Quantbot Technologies LP raised its holdings in shares of TWFG by 52.5% during the second quarter. Quantbot Technologies LP now owns 4,053 shares of the company’s stock valued at $142,000 after acquiring an additional 1,395 shares during the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of TWFG during the second quarter valued at approximately $155,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of TWFG in the third quarter valued at approximately $142,000.

Insider Activity at TWFG

In other news, Director Michael Doak purchased 7,865 shares of TWFG stock in a transaction dated Friday, June 5th. The shares were purchased at an average price of $19.45 per share, with a total value of $152,974.25. Following the transaction, the director owned 765,587 shares in the company, valued at $14,890,667.15. This represents a 1.04% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 68.44% of the company’s stock.

TWFG Trading Down 0.1%

Shares of TWFG opened at $28.80 on Wednesday. TWFG, Inc. has a 12-month low of $16.56 and a 12-month high of $31.30. The firm has a market capitalization of $1.56 billion, a P/E ratio of 48.81 and a beta of 0.18. The firm has a 50-day moving average price of $26.85 and a 200 day moving average price of $21.91.

TWFG (NASDAQ:TWFG) last issued its earnings results on Wednesday, August 5th. The company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $87.51 million for the quarter, compared to the consensus estimate of $77.34 million. TWFG had a net margin of 2.90% and a return on equity of 19.49%. Equities research analysts predict that TWFG, Inc. will post 1.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TWFG has been the topic of a number of research analyst reports. Royal Bank Of Canada lifted their price target on TWFG from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings upgraded TWFG from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. raised their price objective on TWFG from $27.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Wall Street Zen raised shares of TWFG from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, Piper Sandler upped their target price on shares of TWFG from $22.00 to $29.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.57.

TWFG Company Profile

TWFG Insurance Services, Inc operates as a property and casualty insurance distribution company that provides personal and commercial insurance solutions through a hybrid model of company-owned branches and franchised offices. The firm offers a broad spectrum of insurance products, including auto, homeowners, renters, umbrella, flood and specialty lines coverage, tailored to meet the needs of individuals, families and businesses. By partnering with multiple insurance carriers, TWFG delivers competitive pricing and customized policy options designed to help clients manage risk and protect their assets.

Founded in 1980 and headquartered in Odessa, Texas, TWFG has expanded its network to serve customers across numerous U.S.